MCNY Bronx Inc (EIN 463426085) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

Charles J Gibbs

Phone

2123431234

Tax Period

2023-01-01 to 2023-12-31

MCNY Bronx Inc, founded in 2013, is a small nonprofit in the Education sector that reported $540K in total revenue in fiscal year 2023. Net assets of $2.4M represent 54 months of operating reserves.

Mission

MCNY Bronx, Inc. was formed to support the educational purposes and functions as an integral part of Metropolitan College of New York.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $540,000

TOTAL REVENUE $540,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $585,073

TOTAL EXPENSES $585,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,000	$550,000	0.0%
Expenses	$585,073	$593,606	0.0%
Net Income	$-45,073	$-43,606	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$385,528

Total Directors

$487,496

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joanne Passaro	President	1.00	Officer Director	$0	$16,890	$385,528
Charles Gray	Faculty Trustee	1.00	Director	$0	$20,219	$101,968
Charles E Armstrong	Chair Emeritus	1.00	Officer Director	$0	$0	$0
Wendy Cohen	Vice Chair	1.00	Officer Director	$0	$0	$0
Andrew Davidson	Trustee	1.00	Director	$0	$0	$0
Gary P Jenkins	Chair	1.00	Officer Director	$0	$0	$0
Louise H Feroe	Trustee	1.00	Director	$0	$0	$0
Patrick Gordon	Trustee	1.00	Director	$0	$0	$0
Max Holland	Trustee	1.00	Director	$0	$0	$0
Maggie Wojcik	Trustee	1.00	Director	$0	$0	$0
Paul P Martin	Trustee	1.00	Director	$0	$0	$0
Matthew D Metzger	Treasurer	1.00	Officer Director	$0	$0	$0
Jonathan Reiss	Trustee	1.00	Director	$0	$0	$0
Constance T Robinson-Turner	Trustee	1.00	Director	$0	$0	$0
Grace G Roosevelt	Trustee	1.00	Director	$0	$0	$0
Melanie Schnoll Begun	Trustee	1.00	Director	$0	$0	$0
Darlene Williams	Secretary	1.00	Officer Director	$0	$0	$0
Precious Stepney	Trustee	1.00	Director	$0	$0	$0
David FA Walker	Trustee	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$540,000	$585,073	$7,947,869	$-45,073
2022	$550,000	$593,606	$8,121,886	$-43,606
2021	$540,000	$581,451	$8,267,019	$-41,451
2020	$365,001	$613,308	$8,431,205	$-248,307
2019	$310,001	$543,663	$8,374,030	$-233,662
2018	$310,001	$543,663	$8,607,692	$-233,662

MCNY Bronx Inc